Rising use of Internet, gadgets signal big change for local businessesThe era of big data has arrived with the wide use of Internet-connected and wireless devices, signaling a major change in the way local companies work and manage information.In line with the shift, LG CNS, a total information technology service firm, on Thursday held Entrue World 2012, a conference focusing on the big data era.Themed “New frontier of the smart world: Advanced analytics,” the company invited global analyst Thom

A group of scientists from Massachusetts Institution of Technology are developing computers that can recognize facial expressions, the BBC reported Tuesday. Using this technology, computers can identify basic emotions such as like, dislike, confusion by taking information about people’s faces via camera and analyzing how they move over time.Researchers said they can apply this technology in many ways. For example, it’s possible to gather information on people’s responses to advertisements by loo

Pan-governmental measures include a new petrol  supplier, tax breaks for discount gas stations and electronic trading Samsung Total Petrochemicals Co. is set to break into the tightly controlled retail petrol market as part of the government’s across-the-board drive to rein in skyrocketing gas prices and revamp Korea’s fuel supply structure. A pan-governmental task force headed by the Ministry of Knowledge Economy unveiled the proposal on Thursday, which also envisages an upsurge in electronic t

The Korea Communications Standards Commission said Tuesday that it will tighten its online surveillance on Internet posts that contain comments related to racism, xenophobia and other forms of intolerance. The move came amid a flood of angry posts aimed at migrant workers following the rape and murder case involving a Korean-Chinese man in Suwon, Gyeonggi Province, early this month More recently, there have also been a slew of racist comments targeted at Jasmine Lee, a naturalized woman from the

Samsung agrees to meet 90-day deadline for talks in the U.S.Samsung Electronics confirmed Wednesday that its vice chairman Choi Gee-sung will meet with Apple’s chief executive Tim Cook to discuss matters on their ongoing patent disputes in nine different nations.“We decided to work together on reaching a compromise with Apple by arranging a meeting of chief executives, along with the firms’ legal representatives within 90 days in response to a court’s order,” said a Samsung official.The official

Hyundai Steel will boost its exports to Indonesia to 340,000 metric tons of hot-rolled steel annually, its press release said.This comes as Hyundai Steel signed a memorandum of understanding to supply its steel to PT Essar Indonesia in the region where the Korean steel-maker also has two other customers, its spokesperson said. Essar is the largest cold-rolled steel producer in Indonesia, according to media reports. Hot-rolled steel is produced through traditional blast furnaces that can later be

GS Group chairman Huh Chang-soo on Wednesday emphasized the corporation’s role in promoting fair competition and corporate citizenship to build public trust and attain sustainable growth.He pledged to scale up the Korean conglomerate’s social contribution programs and foster co-prosperity with its smaller suppliers and subcontractors.“Being accepted as a respectable corporate citizen is as critical as running a successful business,” Huh said in a meeting with executives in Seoul. “That’s what we

 CEO Kim says May show will focus on low-emission vehiclesThe Busan Exhibition & Convention Center is striving to upgrade the Busan Motor Show through this year’s event, which may be the largest ever.The Busan International Motor Show 2012 is projected to mark “58 percent growth” compared to the previous event in 2010, BEXCO president & CEO Kim Soo-ik told a press conference in Seoul on Wednesday.The auto show ― which will emphasize low-emission vehicles ― will be held for 11 days from May 24 to

KB Kookmin Bank said on Wednesday it had made a joint management-labor pledge aimed at working together to tackle pending issues and push for reforms. The pledge was made on Tuesday at the bank’s training center in Ilsan, Gyeonggi Province, and top executives and labor union leaders joined the event. “The joint announcement has been made after months of discussions to find ways to improve the bank’s overall competitiveness,” said a spokesman from KB.According to the joint pledge, both management